AFRICAN BANK LIMITED - African Bank Issues Two Domestic Bonds Totalling R1.050 Billion

African Bank Issues Two Domestic Bonds Totalling R1.050 Billion

AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Ordinary share code: ABL ISIN: ZAE000030060
Preference share code: ABLP ISIN: ZAE000065215
(“ABIL”)

and

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
(“African Bank”)

AFRICAN BANK ISSUES TWO DOMESTIC BONDS TOTALLING R1.050 BILLION

African Bank (a wholly-owned subsidiary of ABIL) has successfully issued two local bonds under its
Domestic Medium Term Note (DMTN) programme in the past week. The funds are designated to be used
for general funding purposes.

The first bond is an inflation linked note, to the value of R800 million that was initiated as a result of a reverse
enquiry from several investors. This bond (ABLI05) has an annual coupon of the South African consumer
inflation rate (CPI) plus 3.2% and will mature in February 2018.

The second bond, a six month unsecured floating rate note to the value of R250 million, was issued following
the maturity of the ABLC07 note on 15 February 2013. Set to mature in August 2013, the new floating rate
note (ABLC08) has a coupon of 3 month JIBAR plus a margin of 40 bps per annum. The issue was
substantially oversubscribed.

Gavin Jones, Executive: Funding and Liability Management, commented: “We are pleased that the South
African debt funders continue to demonstrate their confidence and support for African Bank’s credit.
Domestic funding margins have remained consistent to margins experienced toward the end of 2012. On the
foreign market, secondary market spreads have continued to tighten after an initial widening immediately
                                              th
after ABIL’s SENS announcement on the 7 February, concerning the NCR probe into African Bank. This
bodes well for the Bank as it continues to grow its funding relationships in the global space.”

For further information please contact Gavin Jones on +27 11 564 6868 or Gary Rowe on +27 11 256 9147.

Midrand
19 February 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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